None At This Time

Proponent: Paul McCauley

Imposes one-time tax of at least 55% on property exceeding $20 million of a California resident or held in California by nonresident. Imposes one-time tax (between 36.5% - 54.3%) on income exceeding $10 million when resident dies or leaves California. Imposes additional 17.5% tax on total incomes of taxpayers with income exceeding $150,000 if single, $250,000 if married; 35% if incomes exceed $350,000 if single, $500,000 if married. Creates tax credits. Requires State to acquire shares of specified corporations to influence environmental practices. May exempt new revenues from education funding requirements. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: One-time increase in state revenues potentially in the low hundreds of billions of dollars from imposition of a wealth tax, and ongoing increase in state revenues potentially in the billions of dollars from imposition of the tax on certain people dying or leaving the state. This revenue would be allocated to accomplish various goals related to environmental protection. Potential annual net increase in personal income tax revenues in the tens of billions of dollars annually. The first $7.5 billion annually would be allocated to the state General Fund with additional revenue allocated for environmental protection. Unknown state and local revenue reductions – potentially in the tens of billions of dollars annually – due to changes in taxpayer behavior. (Initiative 08-0012.)

Proponent: Roy Benson

Declares a state holiday on Election Day - the Tuesday following the first Monday in November during even-numbered years. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Increased state costs once every two years of up to $20 million. (Initiative 08-0013.) (Full Text)

Proponent: Paul McCauley

Changes the California Constitution to allow legislators to serve more time in office. Allows a person to serve an additional four-year term in the Senate for a maximum of 12 years. Allows a person to serve an additional two-year term in the Assembly for a maximum of eight years. Provides that a legislator “may serve a further term beyond the current term in office” if he or she does not receive campaign contributions or accept any “privately-funded junkets.” Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: This measure would have no direct fiscal effect on state or local governments. (Initiative 08-0014.) (Full Text)

Proponent: Paul McCauley

Changes the California Constitution to allow legislators to serve more time in office. Allows Senators to serve additional four-year term for a maximum of 12 years. Allows Assembly members to serve additional two-year term for a maximum of eight years. Eliminates term limits if legislators leave office for one term. Permits legislators who do not receive contributions or accept “privately-funded junkets” to remain in office and serve additional terms without election. Requires Secretary of State to determine legislators’ eligibility to remain in office without election. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: This measure would have no significant fiscal effect on state or local governments. (08-0016.) (Full Text)

Proponents: Tony Avila Sampson, Floyd Garfield Sampson, and Rose Marie Sampson

Requires law enforcement officers to obtain a license that must be renewed each year. Creates a board consisting of 13 non-law enforcement officers appointed by the Governor, and empowers it to issue, suspend, revoke or cancel licenses. Requires the board to investigate incidents involving the use of deadly force and to maintain a process for the public to complain about law enforcement officers. Imposes training and notification requirements on law enforcement agencies. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Increased state expenditures in the tens of millions of dollars annually to support the operations of the new California Law Enforcement State License Board, which would be funded with revenues collected by the board from licensing fees. Increased state, county, and city costs that collectively could reach the hundreds of millions of dollars annually for licensing, bond and insurance coverage, law enforcement training, and the provision of legal counsel, depending upon how this measure is interpreted and implemented. (08-0017.) (Full Text)

The list below reflects those proposed measures that have been submitted to the Attorney General for preparation of the title and summary that will appear on the initiative petitions. This process takes approximately 60 days; however, if amendments are submitted by the proponent the time period is lengthened. When the official summary is complete, the Attorney General forwards it to the proponent and to the Secretary of State. The Secretary of State then provides calendar deadlines to the proponent and to the county elections officials.

Attorney General # Approximate Due Date to Secretary of State	Subject	Proponent(s)
08-0018, Amdt. #1S - 01/21/09	The McCauley Public Employee Pension Reform Act	Paul McCauley
08-0019 - 01/08/09	The UC Retirement Board of Trustees	Lakesha Harrison
08-0020 - 01/28/09	The McCauley-Rooker Wealth Tax and Oceans Preservation Act - Version 2	Paul McCauley
08-0021 - 02/17/09	Public School Investment and Accountability Act	Roberta B. Johansen Karen Getman
08-0022 - 02/18/09	California Budget Responsibility Act	Maurice Read
08-0023 - 02/18/09	California Budget Efficiency Act	Maurice Read
09-0001 - 02/25/09	Pass Our Budget Act	Bradley Philip Morisoli

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